Oil Price Goes Negative as Demand Collapses

Benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel.

  • Published 20 April 2020

[template id="245201"] NEW YORK (AP) — Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it. Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market’s most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per… Read at AP News